What Goes Up cover image

Life in Crypto After FTX

What Goes Up

CHAPTER

Decentralized Exchanges and Finances - Is DeFi a Good Idea?

I think DeFi will benefit tremendously. There is an argument to make that the flaw of FTX was that it wasn't crypto enough. If investors did hold their own keys, if those loans were really collateralized and over collateralized in a way people could see, you wouldn't have these blowups. And I think Tera Loon is a good example of that. Technically, a DeFi project, but Doquan and Terraform Labs were basically in control of it. So when it blew up,. there was no hauling of withdrawals, there was no bankruptcy. But you got your coins out at sort of pennies on the dollar of what they were a week ago

00:00
Transcript
Play full episode

Remember Everything You Learn from Podcasts

Save insights instantly, chat with episodes, and build lasting knowledge - all powered by AI.
App store bannerPlay store banner